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As 'Clawback' Suits Loom, Some Investors Seek Cover

Investors who lost money with financier Bernard Madoff are girding for potential "clawback" suits that might be brought by the trustee in charge of liquidating Mr. Madoff's firm.

Such suits, which would seek to reclaim funds that some investors pulled out and redistribute them, are prompting some investors to protect their remaining assets by transferring them to irrevocable trusts, homes, annuities or life-insurance...